Maplewood Advances helps Paragould, Arkansas manufacturers request funding for machines, material and expansions. Greene County, AR had 47 manufacturing employers with 4,903 employees in 2023, the most employees of any sector (County Business Patterns).
At a glance
- Manufacturing payroll, Greene County, AR
$238.7 million, the largest of any sector (CBP 2023)
- Manufacturing employees, Greene County, AR
4,903, the most of any sector (CBP 2023)
- Manufacturing employers, Greene County, AR
47 (CBP 2023)
- Fabricated metal product manufacturers incl. machine shops, Greene County, AR
8, with 154 employees (CBP 2023)
Loan for Manufacturing Company, With Packaging Lines as the Paragould, AR Example
A packaging line is a set of machines bought together: fillers, cappers, labelers, case packers, conveyors and the controls that tie them. Each piece has a quote and a life, and the installation, electrical work and floor changes add cost that is not a machine at all.
The machines can be financed through equipment financing, secured by the line itself. The installation and building work fit a term loan. Partners ask for the vendor quotes, the plant's customer contracts, and how much of the new line's output is already sold.
Manufacturing Equipment Loans When Greene County, AR Manufacturers Need Forklifts
Forklifts are the machine plants replace in ones and twos: a new unit when an old one fails, or two more when a second shift starts. Electric and propane units carry different costs; batteries and chargers can be part of the financed amount.
A forklift loan or lease is short compared with a line, matched to the hours the plant expects to put on the truck. The partner sets the actual term.
Manufacturing Equipment Financing for Greene County, AR Manufacturers
Manufacturing equipment financing covers anything on the plant floor that has a serial number and a resale market: presses, mixers, ovens, injection molders, compressors, dust collectors. Used equipment is common and financeable, with partners asking for age, hours and condition.
Machinery, equipment and supplies merchant wholesalers numbered 13 employer establishments with 245 employees in Greene County, AR in 2023 (County Business Patterns 2023); commercial and industrial machinery repair shops numbered 3. Local dealers and service make a used-machine purchase more straightforward to arrange inspections for.
Loans for Manufacturing Business, With CNC Machines as the Paragould, AR Example
Fabricated metal product manufacturing, which includes machine shops, counted 8 employer establishments and 154 employees in Greene County, AR in 2023 (County Business Patterns 2023). A shop adding a CNC mill or lathe weighs the payment against the hours the machine will be booked.
Tooling, workholding, software and the first year of service can sometimes be included in the financed amount. Ask the partner which items it will finance with the machine and which it will not.
Business Loans for Manufacturing Business Around Paragould, AR: Line Upgrades Examples
A line upgrade replaces part of a working line: a higher-speed labeler, a vision inspection system, a new controller. The plant keeps running while it happens, so the payoff is in speed or scrap saved, which can be measured against the payment.
Illustration only, invented figures: a $310,000 line upgrade financed over 120 months at an invented annual rate of 9.5% costs about $4,011 a month and $171,359 in interest (our arithmetic). Over a shorter term the payment rises and the interest falls; the term length article sets the two side by side.
Fabrication and Repair Shops Serving Heavy-Equipment Owners in Paragould, AR
A shop that rebuilds hydraulic cylinders, fabricates attachments or repairs heavy equipment finances its own lathes, welders, press brakes and service truck the same way a plant finances its line: the shop's equipment secures the loan, and parts inventory sits on a line of credit. The customer's machine is never the collateral.
County Business Patterns files these shops under fabricated metal products or machinery repair rather than as a group of their own, so the counts in the sections above already include them. Farm production, which this site does not arrange funding for, is outside County Business Patterns altogether.
Greene County, AR Manufacturing Payroll Against Every Other Sector
The table lists every Greene County, AR sector in County Business Patterns 2023 by annual payroll. Manufacturing paid 39.6% of the county's $603.5 million employer payroll and employed 35.0% of its 14,019 paid employees (our arithmetic).
| Sector | Employer establishments | Employees | Annual payroll |
|---|---|---|---|
| Manufacturing | 47 | 4,903 | $238.7 million |
| Health Care and Social Assistance | 111 | 2,184 | $98.7 million |
| Retail Trade | 157 | 2,215 | $76.1 million |
| Wholesale Trade | 45 | 626 | $34.8 million |
| Construction | 67 | 465 | $31.9 million |
| Finance and Insurance | 49 | 457 | $30.6 million |
| Accommodation and Food Services | 81 | 1,505 | $25.8 million |
| Professional, Scientific, and Technical Services | 56 | 312 | $18.3 million |
| Transportation and Warehousing | 30 | 326 | $14.8 million |
| Other Services (except Public Administration) | 88 | 339 | $10.2 million |
| Administrative and Support and Waste Management | 30 | 297 | $8.5 million |
| Educational Services | 6 | 136 | $3.7 million |
| Real Estate and Rental and Leasing | 43 | 100 | $2.9 million |
| Information | 9 | 60 | $2.8 million |
| Utilities | 4 | 18 | $1.7 million |
| Arts, Entertainment, and Recreation | 10 | 50 | $1.6 million |
| Agriculture, Forestry, Fishing and Hunting | 5 | 16 | $1.2 million |
Payroll per manufacturing employee works out to about $48,678, against about $43,045 across all county employers (our arithmetic). Employee counts are for the pay period including March 12.
More: all industry pages, construction, working capital, Paragould, AR counts, and the article on revenue-based financing or a term loan.
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